View more on these topics

Stress sees Staffordshire chief exec Page quit

Staffordshire Building Society chief executive Keith Page has left the society by mutual consent after six years.

The society says an agreement was reached last week between Page and the board that he should step down both as chief executive and as a director.

Staffordshire says Page has left the society to spend more time with his family following recent health problems caused by stress.

His illness forced him to take time off from Staffordshire last year and he is not thought to be looking for alternative employment.

Page became the youngest-ever chief executive of a society when he was appointed aged 40 in 1995.

Deputy chief executive Bill Snaith will take over as chief executive until the position is filled on a permanent basis.

He says: “Keith Page is leaving the society for stress-induced health reasons but goes on the best of terms.

“The society thanks Keith for all his efforts and significant contributions over th
e last 19 years and wishes him every success for the future”

Recommended

Abbey revamps loan range

Abbey National has unveiled a new range of fixed-rate, discounted and cashback mortgages. The fixed-rate range includes a two-year loan fixed at 5.49 per cent for up to 75 per loan to valuation. The discounted range features a two-year discount of 2.25 per cent off the standard variable rate, giving a rate of 5.49 per […]

Zero worship

The highly volatile markets of the past year have highlighted the importance of risk management. While searching for a safe haven, many investors will probably look at gilts. But although gilts are relatively risk-free, they provide investors with little else. In contrast, zero-dividend preference shares have similar risk characteristics to gilts but provide returns between […]

Carry on, don&#39t lose your relief

Personal pensions – the end of life as we know it? No, it is not quite that drastic. Last week, we looked at the current personal pension rules with particular reference to carry forward. There has been a lot of publicity about the abolition of carry forward on April 5. This is not quite true. […]

Investment View

Please do not take this the wrong way, those of you who read this column in Wales but, on the whole, Marrakesh knocks Swansea into a cocked hat. I suppose it was unfortunate that the first IFA seminar at which I was speaking for Gerrards this year took place just two days after I returned […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment